Downpayment Toward Equity Act of 2023
Official title: To provide downpayment assistance to first-generation homebuyers to address multigenerational inequities in access to homeownership and to narrow and ultimatel… Show full official titleShow less
Official title: To provide downpayment assistance to first-generation homebuyers to address multigenerational inequities in access to homeownership and to narrow and ultimately close the racial homeownership gap in the United States, and for other purposes.
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Referred to the House Committee on Financial Services.
Downpayment Toward Equity Act of 2023
This bill establishes a grant program through the Department of Housing and Urban Development for states and other entities to provide qualifying assistance to certain first-time, first-generation home buyers in purchasing their first homes. Qualifying assistance includes assistance for mortgage down payments, mortgage closing costs, reduction of mortgage interest rates, subsidies for shared equity homes, or for certain preoccupancy modifications to a home to accommodate persons with disabilities.
The bill also establishes grant requirements regarding home buyer income, types of housing, homeowner occupancy, types of mortgages, and home buyer counseling.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 4231: Downpayment Toward Equity Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4231/
"H.R. 4231: Downpayment Toward Equity Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4231/.
H.R. 4231, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4231/.
[H.R. 4231: Downpayment Toward Equity Act of 2023](https://openamerica.io/bill/118-HR-4231/)